Marathon Now 2nd Largest Listed Bitcoin Holder, Says CEO

U.S.-listed bitcoin miner has produced at least 1,231 bitcoins since early July and hasn't sold any to date .

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Bitcoin (BTC) mining company Marathon Digital Holdings is now considered the world's second-largest Bitcoin holder among publicly traded companies.

During the company's third quarter earnings call on November 8, Marathon Digital CEO Fred Thiel revealed that the company now holds 11,300 bitcoins, worth approximately $205 million dollars, "making Marathon the second-largest bitcoin holder among publicly traded companies globally." referring to unnamed third-party data.

According to CoinGecko, the NASDAQ-listed crypto miner is ranked second only to MicroStrategy Inc., which holds almost 130,000 Bitcoin in total. It is followed by crypto exchange Coinbase and payments company founded by Jack Dorsey, Block Inc.

The company released its third quarter results on November 8, noting that it added 616 bitcoins to its holdings during the quarter, while another 615 bitcoins were added in October alone, the most productive month in the company's history. .

.@fgthiel: "We sequentially improved our bitcoin production from 72 bitcoins in July, to 184 in August, and then to 360 in September, then to a record 615 in October. October was the most productive month in our company's history..." pic.twitter.com/wsfv0XOIuV

— Marathon Digital Holdings (NASDAQ: MARA) (@MarathonDH)